The importance of hospitality management is immense. And if you work in the hospitality industry, you must have heard or used the term “revenue management strategies.” The term “hotel revenue management” refers to a strategy for increasing a hotel’s revenue. This process includes: 1. To forecast demand, use metrics related to hotel revenue. 2. Create a dynamic pricing model. 3. Increase the hotel or resort’s revenue as much as possible. While revenue strategies are relevant … Read More

The importance of hospitality industry is very well known. It creates jobs, promotes tourism, and much more. Increasing hotel revenue is the ultimate goal in the hospitality industry. You can achieve this goal with the efficient use of tech. Tech is advancing at a fast pace and plays a crucial role not just in our everyday lives but in the hotel sector. The way hotels conduct business has also changed as a result of its … Read More